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Volcon, Inc. (NASDAQ:EMPD) Sees Large Increase in Short Interest

Volcon logo with Auto/Tires/Trucks background

Key Points

  • Volcon, Inc. (NASDAQ:EMPD) experienced a significant increase in short interest, rising by 472.4% in September, with a total of 1,400,000 shares sold short by the end of the month.
  • As of the latest trading session, Volcon's shares were priced at $6.64, down from a 12-month high of $80.80, indicating a volatile price performance.
  • Despite challenges, including a reported loss of ($7.57) EPS and negative margins, Volcon currently holds a consensus rating of "Moderate Buy" from analysts.
  • MarketBeat previews top five stocks to own in November.

Volcon, Inc. (NASDAQ:EMPD - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,400,000 shares, an increase of 472.4% from the September 15th total of 244,600 shares. Approximately 3.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 1.2 days. Approximately 3.2% of the company's stock are sold short.

Volcon Price Performance

Shares of Volcon stock traded down $0.22 during mid-day trading on Friday, hitting $6.64. 590,513 shares of the stock were exchanged, compared to its average volume of 483,749. Volcon has a 12 month low of $4.40 and a 12 month high of $80.80. The company has a 50-day simple moving average of $7.73 and a 200 day simple moving average of $7.40.

Volcon (NASDAQ:EMPD - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($7.57) EPS for the quarter. Volcon had a negative return on equity of 282.87% and a negative net margin of 720.28%.The firm had revenue of $0.70 million for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Volcon in a research note on Wednesday, October 8th. Wall Street Zen upgraded Volcon to a "sell" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Volcon currently has a consensus rating of "Moderate Buy".

Check Out Our Latest Stock Analysis on EMPD

Volcon Company Profile

(Get Free Report)

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.

Further Reading

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